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1.Market Observations, 8.Was Sticky

13 Nov 2018 (AFR) – India’s home builders next in firing line from banking fallout

(13 November 2018, AFR, p36, by Dhwani Pandya)

‘India’s banking liquidity crunch is extending to the nation’s developers, threatening to derail a nascent recovery in the property sector. Home builders in India have increasingly been turning to non-bank lenders for funding as traditional financiers struggle under bad loans. But following the government’s seizure of troubled shadow bank Infrastructure Leasing & Financial Services Ltd earlier this month, that avenue may be choked off, too.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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